KARACHI, July 28: The State Bank of Pakistan said on Monday it would auction Rs50 billion worth of 3-, 6-, and 12-month Treasury bills this week.

The auction will be on Wednesday with settlement due the following day, the SBP said.

At the last T-bill auction on July 16, the central bank sold

Rs3.43 billion worth of its 12-month T-bills and Rs49.18 billion of 3-month bills at cut-off yields of 11.8392 per cent and 11.7825 per cent, respectively. The bank received no bids for its benchmark 6-month T-bills.—Reuters